Why Kandi Technologies' Stock Is Higher Today

John Rosevear, The Motley Fool

3 August 2020 at 3:16 pm·2-min read

Why Kandi Technologies' Stock Is Higher Today

Shares of Chinese electric-vehicle maker Kandi Technologies (NASDAQ: KNDI) were trading higher on Monday, after the company said that it completed a key milestone in its effort to bring its electric-vehicle battery-swap technology to market. As of 3 p.m. EDT, Kandi's American depositary shares were up about 13.4% from Friday's closing price. In a statement, Kandi said that it had completed the delivery of its automatic battery-swap system to a ridesharing operator in China's Hainan province.

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